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Property profile

2202 Mercedes Dr Lynden, WA 98264

OFF-MARKET
Investment properties
Property ID
US90-2028916
27,368 SF 0.85 ac lot Built 2015
Entity Owned 10-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2015
Total area 27,368 SF
Lot 0.85 ac (37,087 SF)
Zoning code CSL
APN 400316 527510 0000
UPID US90-2028916

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Loan Service Bank

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.35M
Comparable Approach Comparable
$7.69M
Blend (final) Blend
$7.42M

Owner & transaction history

since 2016
6 recorded transactions
2018
Price N/A
2016
Price N/A
2016
$3.0M
2014
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CSL · Lynden, WA
Zoning description

2. Local commercial services (CSL): Th e purpose of the CSL zone is to provide a location for local scale retail develo pment (stores less than sixty -five thousand square feet), medical, professional and financial servi…

General category COMMERCIAL
Top alternative use upside
Restaurant $9.3M +49.3%
Medical building $8.5M +36.2%
Office building $8.0M +27.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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